$435,000 - 486 Hale Street, London East
Detached for Sale in London East
- MLS Number
- X13167534
- Property Type
- Detached
- Status
- active
- Days on Site
- 21
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- London East
- Listing Brokerage
- RE/MAX CENTRE CITY REALTY INC.
Welcome to 486 Hale Street. This 2+1 bedroom, 2 bathroom brick bungalow awaits your personal touches. Ideal for first-time buyers, downsizers, investors, or those seeking easy one-floor living. Step inside where you'll find a foyer, a quaint bedroom, a galley-style bathroom, a second bedroom, and a spacious living room off the eat-in kitchen. The kitchen has been beautifully updated. Some areas of the home feature carpet over hardwood flooring. The partially finished basement includes a family room, a bedroom, a combined bathroom/laundry room, and a utility room. The home is equipped with a high-efficiency furnace and central air. A rear entrance off the basement provides separate access, offering the potential to convert the lower level into a rental opportunity. Additional features include an enclosed sun porch at the back of the property, a generously sized partially fenced yard, and a detached garage with an attached gazebo. The property requires TLC and is being sold "as-is, where-is" with no representations or warranties. Buyers are encouraged to complete their own inspections and due diligence regarding the property and its intended use. Whether you're looking to enter the housing market, downsize into a manageable home, or add to your investment portfolio, this property offers excellent value you don't want to miss.
Estimate your monthly payments for this property
Estimated Payment
$2,231.78/mo
Includes CMHC insurance ($12,137)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover London East
London East is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in London East
- •Convenient location in London East
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
London East offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
486 Hale Street, London East
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $621/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 21 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Detached Home Advantages
Detached homes in London East are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.